Nov TMF Workshop Session 31

Nov TMF Workshop Session 32

Nov TMF Workshop Session 33 By “uncertain” knowledge … I do not mean merely to distinguish what is known for certain from what is only probable. The game of roulette is not subject, in this sense, to uncertainty … The sense in which I am using the term is that in which the prospect of a European war is uncertain, or the price of copper and the rate of interest twenty years hence, or the obsolescence of a new invention … About these matters there is no scientific basis on which to form any calculable probability whatever. We simply do not know! — John Maynard Keynes, The General Theory of Employment, Interest and Money

Nov TMF Workshop Session 34 knowledge- absence consulting tools academic tools roll your own rhetorical practices TMF individuals with rationality and imagination arc of the argument

consultants’ tools SWOT BCG 5-forces Bartlett & Ghoshal Nov TMF Workshop Session 35

5-Oct-2012ISM 621 STMT Day 2 Review6

5-Oct-2012ISM 621 STMT Day 2 Review7

into the black box descriptions of firms - explanations of their parts and forces resource bundle - or people value chain - PAT - TCE - PRT, etc. Penrose & switch from market-defined resources to knowledge RBV, DCs, evolutionary theory, s-a-p disaggregate ‘gross’ managerial judgments parts, relations, & forces ‘rational man’ failures - non-market relations discovering different modes of managerial judgment Nov TMF Workshop Session 38

value chain & team production boundaries decomposability modularization technology resource management team production residuals & property rights Nov TMF Workshop Session 39

resource-mgt or person-mgt populate work roles person = knowledge (K) K-asymmetry principal-agent theory (PAT) time & learning - ΔK non-contract (command) relation mode Nov TMF Workshop Session 310

TCE “make or buy” - transaction market transaction non-command incomplete contracts opportunism asset specificity governance property rights & ownership Nov TMF Workshop Session 311

judgment - governance of parts Nov TMF Workshop Session 312 resource or knowledge ? coercion, calculation, culture PAT Coase - supersession & subordination firm is not a market language & rhetoric TCE incomplete contract opportunism property rights system